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China targets stock manipulators amid rout

Investors who used stock index futures to short the market under probe, says report

Saturday, July 4, 2015 - 05:50

WEARY INVESTORS: On Thursday, Shanghai's benchmark composite index slumped below 4,000 points for the first time since April.

PHOTO: AFP

London

CHINA'S securities market regulator has opened an investigation into suspected market manipulation, in the latest in Beijing's increasingly desperate attempts to head off a potential stock market crash that could damage an already slowing economy.